Summary:
By Express News ServiceKOCHI: The workers of Cochin Shipyard got a big boost on Tuesday after the ship maker entered into a long-term wage settlement with them, which will be effective from April 1, 2017, and valid for 10 years. Under the agreement, nearly 1,500 workers of the Cochin Shipyard will receive a wage hike of about 15 per cent, a spokesman for the shipyard said. “Nearly 1,500 workers of the shipyard will receive a hike of 15 per cent effective from 2017,” the spokesman said. The earlier wage settlement entered into with the trade unions was valid till March 31, 2017. The current settlement has been arrived at after protracted negotiations between the management and the workers..